SPECULATION

10 years ago

Bring on Dow 5000

Wall Street is openly talking about how the Dow may plummet to 5,000, and that could be a good thing. In a blog post, Henry Blodget writes on The Business Insider, "The more negative everyone gets, the more likely we're getting close to bottom." The only problem is that strategists aren't yet predicting the low—so the turning point may be a way off. Lucky for us, according to experts, stocks probably won't hit Depression lows unless the Obama administration crashes and burns as badly as Hoover did.